By John Lee. Under the guidance of the Iraqi Prime Minister, H.E. Dr. Adel Abdul Mahdi, the patronage of the Iraqi Minister of Electricity, H.E. Dr. Luay al-Khatteeb and in continuation of their dedicated efforts to strengthen Iraq’s power sector, Mass Energy Group Holding (MGH) and GE Power signed a new agreement that will help […]
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Tags: Besmaya, Bismaya, Bismaya power plant, Electricity In Iraq, featured, GE, General Electric, germany, Mass Global, mn
Baghdad Power Plant Starts Operations
By John Lee. GE and Mass Group Holding (MGH) have successfully commenced simple cycle commercial operations of four advanced GE 9F gas turbines under phase I of the Ministry of Electricity’s (MOE) Baghdad Power Plant in Besmaya [Bismaya]. Located about 40 kilometers from Baghdad, the facility is the first one in the country outside the […]
Tags: Baghdad, Besmaya, Bismaya, Bismayah, Electricity In Iraq, featured, GE, General Electric, Mass Global
GE signs $520m Iraq Deal
GE has signed a multiyear agreement in Iraq with Mass Energy Group Holding. The $520-million contract includes operation and maintenance services as well as GE’s advanced digital industrial solutions for the 3-gigawatt gas-fired Basmaya [Bismaya] Power Plant, 40 kilometers east of Baghdad. This contract represents a continuing effort between Mass Energy Group Holding, the Iraqi […]
Tags: Basmaya, Basmaya Power Plant, Bismaya, Bismayah, Electricity In Iraq, featured, GE, General Electric, Mass Energy Group Holding, Mass Global
$375m Financing Deal for Power Sector
By John Lee. Dimitris Tsitsiragos, the Vice President of the World Bank's private sector investment arm, told Reuters on Thursday that the bank had arranged $375 million in financing for an Iraqi power company. The International Finance Corporation (IFC) will provide a debt and equity package of $250 million, with another $125 million from Lebanon's […]
Tags: Baghdad, Bank Audi, Electricity In Iraq, featured, Kurdistan News, Lebanon, Mass Global, Mass Global Energy Sulimaniya, Sulaymaniyah, World Bank
China-Jordan JV Bids for Iraq-Jordan Oil Pipeline
By John Lee. Platts reports that Iraq's oil ministry has received a bid from a Jordanian-Chinese consortium to build and operate a 1-million-bpd crude oil export pipeline to the Red Sea port of Aqaba. Jordan's Mass Group Holding, along with a consortium of Chinese companies, submitted a service fee proposal to Iraq's oil ministry for […]
Tags: Aqaba, China, featured, Iraq-Jordan Pipeline, Mass Global, South Oil Company (SOC), State Oil Marketing Organization (SOMO)
ABB wins $100m Order Supporting Iraq Power Infrastructure
Switzerland's ABB has won an order worth around $100 million from Mass Global Holding to deliver a gas-insulated switchgear (GIS) substation that will help integrate 3,000 megawatts (MW) of electricity generated by a combined cycle power plant, utilizing Iraq’s natural gas resources. The government is rebuilding the country, investing in national housing programs and has […]
China in $18bn Iraq Pipeline Deal
By John Lee. The China Petroleum Pipeline (CPP) and private company Mass Global have reportedly formed a consortium to build an $18-billion export pipeline from Basra to the Jordanian Red-Sea port of Aqaba (pictured). Iraqi Oil Minister Adel Abdel Mahdi [Adil Abd Al-Mahdi] told Reuters: “The two companies will submit their investment offer to the oil […]
Tags: Anbar, Aqaba, caliphate, China, China Petroleum Pipeline (CPP), Daesh, featured, Iraq Oil Exports News, Iraq-Jordan Pipeline, ISIL, ISIS, Islamic State, Jordan, Mass Global, pipelines, terrorism
GE to Provide Turbines for Bismayah Plant
Further building on its partnerships to support Iraq’s power sector, GE (NYSE: GE) has received an order from Mass Global Investment Company to provide advanced gas turbines for a new 3-gigawatt (GW) power plant in Bismayah, only 30 kilometers away from Baghdad within a massive housing development project. The Bismayah plant will support Baghdad and […]
$3bn Power Plant for Bismaya
By John Lee. Reuters reports that Mass Global will partly finance a $3-billion power plant in Bismaya. The gas-fired, 3,000-megawatt plant is being built by Turkey's Enka Insaat, whose chairman Sinan Tara said it would be financed partly from Mass Global's equity and partly from Iraqi lenders. The project will be built in two phases […]
GEA Wins Major Contract from ENKA
Subsequent to ENKA’s contract awards to GEA Heat Exchangers for the Erbil and Sulaymaniyah power stations in the north of Iraq, the leading Turkish construction company ENKA has for the third time made a choice for two air-cooled condensers from GEA Heat Exchangers. As with the two previous power stations, the gas turbine power stations […]
Iraq Shortlists Candidates for Jordan Pipeline
By John Lee. The Wall Street Journal and Reuters report that Iraq has shortlisted 12 international companies to build the new $18-billion oil export pipeline to Jordan, the country's first such pipeline in decades. Iraq's oil ministry has chosen these companies from a list of more than 80 international firms which submitted their credentials to build […]
Tags: Aqaba, China National Petroleum Corporation, CNPC, Consolidated Contractors Company, Daewoo, Egypt, Fius Capital, Go Gas, Greece, india, Iraq-Jordan Pipeline, Italy, Japan, Jordan, korea, Larsen & Toubro (L&T), Marubeni, Mass Global, Mitsui, Orascom, Petrofac, Petrojet, pipelines, Punj Lloyd, Saipem, State Company for Oil Projects (SCOP), Stroygazconsulting (SGC), Toyota Tsusho
Mass Global Selects GE Turbines for Erbil
By John Lee. Mass Global Investment Company has selected GE steam turbine technology to increase the efficiency and the output of the Erbil Power Plant in Iraq's Kurdistan region. In operation since late 2008, the Erbil plant plays a vital role in meeting the growing power needs of Kurdistan, Iraq. Under the new agreement, GE […]